Rabin is one of the few liquidation
companies that can provide all of the resources you need whether it is a
professional appraisal, to sell surplus equipment and machinery, or liquidate
an entire business. As an international family-held industrial auction and real
estate investment company in business for over 60 years, we have the size and
financial ability to take on deals of any magnitude and of any complexity. It is a fascinating story of how Rabin developed
into one of the top auction and liquidation companies in the world.
Shortly after serving in WWII and the Korean War, the Rabin brothers
started a small business in the early 50’s selling war surplus through
liquidations in their hometown of San Francisco. By the end of the decade, Henry Rabin started
his own business with a focus on liquidations.
The 60’s presented an opportunity for the business to grow by holding
several big auctions for companies in the mining business. The Natomas Company was famous for extracting
more than $100,000,000 of gold by hydraulic mining and the Golden Cycle Mining Company.
The following decade brought the Rabin brothers back together to form Rabin
Brothers Auctioneers in 1972. One of the
big accomplishments in 1975 was selling the Railway Express and their over 200
depots that required Rabin to stage and assemble 26 auctions in different
locations across the U.S. The 70’s also
established Rabin as renowned experts in food service auctions with the Rheingold
& Schaefer Brewing Companies auction.
By 1987, Rabin’s had its first airline auction with Braniff Airways and introduced
the industry to theater-style auctions. For
the first time, buyers could view and bid on items while comfortably seated in
a theater-like setting (in this case, out of the blazing sun). Shortly thereafter,
all auction companies adopted this method.
In 1995, Rabin expanded operations internationally by opening an office
in the United Kingdom. Further expansion
in 2003 included the Asia-Pacific with liquidation and auction of the Kraft
chewing gum factory in China followed a few years later by an auction in the
Middle East of the Tnuva Dairies, Israel’s largest food maker. Please see our full history and timeline at
the Rabin website.
Rabin is an international company that specializes in creating
liquidity for complex manufacturing facilities with idle or marginally
productive assets. Our operations
include selling entire plants, multiple plant locations, or surplus individual
items by auction or liquidation and much more. Please
contact us to discover how we can help you with our professional asset
liquidation process.
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